US NFP likely to come in at 190K/210K for headline/private reads
Jul 01, 2015 22:44 pm UTC| Commentary
US June non-farm payrolls expected to come in at 190K/210K for the headline/private reads. Below 200K forecast for headline NFP stems from what looks likely to be some seasonal adjustment issues in the State and Local...
Banxico to hike rates right after the US Fed
Jul 01, 2015 21:26 pm UTC| Commentary
Banxico announced changes to its monetary policy calendar to coordinate decisions along with the US Fed. The press release mentions that the relative monetary position with the US has an important effect in the evolution...
June global manufacturing confidence down slightly due to weak EM
Jul 01, 2015 21:16 pm UTC| Commentary
Barclays notes:Our final reading of the Barclays global manufacturing confidence in June points to a slight decline, to -0.43 from -0.42, lower than our initial estimate , as many EM countries (including India, Korea,...
Jul 01, 2015 20:54 pm UTC| Commentary
Westpac Research notes:Australian 3yr government bond (futures) yields rose from 2.06% to 2.12%, while the 10yr yield rose from 3.05% to...
Jul 01, 2015 20:53 pm UTC| Commentary
Westpac Research notes:The US 10yr treasury yield rose from 2.35% to 2.44%, steepening the curve. Notable data surprises were ADP payrolls, ISM manufacturing and construction spending, the latter two causing the Atlanta...
Jul 01, 2015 20:52 pm UTC| Commentary
Westpac Research notes:AUD/NZD 1 day: Tentatively forming a minor top at 1.1400. A break below 1.1330 today then targets 1.1275.AUD/NZD 1-3 month: The RBA will probably remain on hold (albeit with easing risk), while the...
Jul 01, 2015 20:51 pm UTC| Commentary
Westpac Research notes:NZD/USD 1 day: The multi-month downtrend remains intact, sub-0.6730 targeted today.NZD/USD 1-3 month: Our next major target is 0.6560 which was a major low in May 2010. The two main factors expected...